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The juggling act to balance the accounts will continue in 2024, although there is still room for optimism: prices are beginning to moderate, the Euribor is plummeting and making mortgages cheaper, to which is added the extension of some anti-crisis measures... everything is ready to avoid that the economy train derails.
- A necessary control. The main enemy this year for most pockets has been none other than the exorbitant rise in prices. A trend that the European Central Bank (ECB) has so far managed to soften with the rate hike, although it has decided to momentarily step on the brakes. Just in case, the Government has extended measures such as the reduction of VAT on food and the discount on transport passes. A slight respite for consumers!
- An unexpected surprise. Mortgaged citizens will face next year in a better mood. Against all odds, the Euribor registered its biggest decline in more than a decade in December, abandoning the 4% threshold. The main forecasts indicate that the reference indicator for variable rate mortgage loans will follow the same path as the year ended. But to what extent will it affect the mortgage supply?
- One of lime and another of sand. Another change that next year will bring is that the Treasury will have greater control over transactions on portals such as Wallapop, eBay and Milanuncios. Despite this, there are ways to reduce the tax bill when paying personal income tax, although for the year that is ending it may already be an impossible mission. Despite this, there are always formulas to encourage family savings.
- Multiply. Among the joys that 2023 brings, a better remuneration for bank deposits stands out after years of drought. Which entities pay the most for your money? Whatever the choice, to make what you earn profitable, it will be useful to always keep in mind the essential keys to saving and investing in the appropriate way.
Increasing. The average pension in Spain is close to 1,200 euros after this month it increased by 9.5% in year-on-year terms. The retirement benefit grows in the same proportion and reaches 1,378 euros, above the 8.5% revaluation agreed for pensions this year.
Without brake. Despite the collapse in transactions, apartment prices are not letting up, especially rental prices. According to data from the Institut Català del Sòl (Incasòl), in the third quarter of the year they marked a new historical maximum when the average income reached 1,171 euros in the city of Barcelona. An unaffordable fee for many families.
